Monday 2 May 2016

ICICI Bank plunges 4% after Q4 results

The bank posted a net profit of Rs.7018.90 million for the quarter ended March 31, 2016 compared with Rs.29220.00 mn for the quarter ended March 31, 2015.


ICICI Bank Ltd was lower by 4% at Rs.226 after its net profit plunged 76% in March quarter numbers. The Bank posted a net profit of Rs.7018.90 million for the quarter ended March 31, 2016 compared with Rs.29220.00 mn for the quarter ended March 31, 2015. Total income has increased from Rs.162347.30 mn for the quarter ended March 31, 2015 to Rs.185908.60 million for the quarter ended March 31, 2016.

The scrip opened at Rs. 228 and has touched a high and low of Rs. 230.65 and Rs. 225.4 respectively. So far 14437806(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 137586.31 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.35 on 06-May-2015 and a 52 week low of Rs. 180.8 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs. 255.3 and Rs. 231.4 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 65.43 % and 9.36 % respectively.


The stock is currently trading above its 200 DMA.

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